First Capital Advisors Group LLC. lessened its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 31.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,713 shares of the business services provider’s stock after selling 1,692 shares during the period. First Capital Advisors Group LLC.’s holdings in Automatic Data Processing were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Guardian Life Insurance Co. of America increased its holdings in shares of Automatic Data Processing by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 12 shares during the period. Personal Capital Advisors Corp increased its holdings in shares of Automatic Data Processing by 0.7% in the 2nd quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 16 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Automatic Data Processing by 0.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 16 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares during the period. Finally, Northwest Quadrant Wealth Management LLC increased its holdings in shares of Automatic Data Processing by 0.5% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 78.78% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.02 to $135.00 in a report on Monday. Royal Bank of Canada reiterated a “hold” rating and issued a $95.00 target price on shares of Automatic Data Processing in a report on Friday, September 15th. Citigroup reiterated a “neutral” rating and issued a $110.00 target price (up previously from $98.00) on shares of Automatic Data Processing in a report on Thursday, August 17th. BidaskClub downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 target price on shares of Automatic Data Processing in a report on Monday, August 21st. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Automatic Data Processing has an average rating of “Hold” and an average price target of $114.17.

Shares of Automatic Data Processing (ADP) opened at $117.82 on Tuesday. The stock has a market capitalization of $51,453.67, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.87 and a beta of 0.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 12-month low of $94.11 and a 12-month high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. equities analysts forecast that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.52 dividend on an annualized basis and a yield of 2.14%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is presently 64.12%.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.